{"id":4626,"date":"2024-07-08T16:19:08","date_gmt":"2024-07-08T16:19:08","guid":{"rendered":"https:\/\/www.clearwayenergygroup.com\/?post_type=press_release&#038;p=4626"},"modified":"2024-07-08T20:21:02","modified_gmt":"2024-07-08T20:21:02","slug":"clearway-closes-financing-and-begins-repower-of-south-texas-wind-farm","status":"publish","type":"press_release","link":"https:\/\/www.clearwayenergygroup.com\/press-releases\/clearway-closes-financing-and-begins-repower-of-south-texas-wind-farm\/","title":{"rendered":"Clearway Closes Financing and Begins Repower of South Texas Wind Farm"},"content":{"rendered":"<ul>\n<li style=\"font-size: clamp(1.38rem, 0.87vw + 0.96rem, 2rem)\">Cedro Hill wind upgrade increases energy production within the site&#8217;s original footprint.<\/li>\n<li style=\"font-size: clamp(1.38rem, 0.87vw + 0.96rem, 2rem)\">Blades &amp; other equipment will be recycled as part of Clearway&#8217;s zero-waste repowering strategy.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4633\" src=\"https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-300x200.jpg\" alt=\"\" width=\"836\" height=\"556\" srcset=\"https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-300x200.jpg 300w, https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-1024x681.jpg 1024w, https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-768x511.jpg 768w, https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-1536x1022.jpg 1536w, https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-2048x1363.jpg 2048w, https:\/\/www.clearwayenergygroup.com\/wp-content\/uploads\/2024\/07\/Cedro-Hill-Bruni-TX-225x150.jpg 225w\" sizes=\"(max-width: 836px) 100vw, 836px\" \/><\/p>\n<p><span data-contrast=\"none\">SAN FRANCISCO <\/span><span data-contrast=\"none\">\u2014 Clearway Energy Group (\u201cClearway\u201d) announced today that it closed financing and began repowering construction of its Cedro Hill wind farm in Webb County, Texas.<\/span> <span data-contrast=\"none\">The repower will increase Cedro Hill\u2019s capacity to 160 MW from 150 MW today<\/span><span data-contrast=\"none\">. Once complete, the repowered project will <\/span><span data-contrast=\"none\">generate enough electricity to power nearly <\/span><span data-contrast=\"none\">40,000 <\/span><span data-contrast=\"none\">homes during peak hours.<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cOur Cedro Hill repowering is our most recent example of how Clearway is upgrading its sizeable existing fleet to deploy resilient, state-of-the-art technology on sites that have proven, high-quality wind resources,\u201d said Chris Fox, Senior Vice President of Construction at Clearway Energy Group. \u201cAs a long-term owner and operator, we are pleased that repowerings like Cedro Hill deliver decades of more value for our local landowners and communities.\u201d<\/span><\/p>\n<p><span data-contrast=\"none\">This project will mark Clearway\u2019s fifth wind farm repower in Texas and sixth across its portfolio, amounting to over 700 MW of upgrades to deploy resilient, state-of-the-art technology on sites with strong wind resources.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The Cedro Hill repower represents a $269 <\/span><span data-contrast=\"none\">million <\/span><span data-contrast=\"none\">investment in South Texas. Upon completion, the repower will add another fifteen years to the project\u2019s operating life and extend property taxes and landowner payments to Webb County by $27 <\/span><span data-contrast=\"none\">million<\/span><span data-contrast=\"none\">.<\/span><\/p>\n<p><span data-contrast=\"none\">The repower will replace the blades and nacelle with General Electric (GE) equipment across the site\u2019s 100 turbines, and responsibly manage all replaced equipment. In collaboration with <\/span><span data-contrast=\"auto\">Wanzek Construction, Inc., a MasTec Renewables company<\/span><span data-contrast=\"none\">, Clearway is undertaking efforts to ensure that existing materials, including fiberglass, are recycled or diverted from landfills. Over 200 skilled laborers will support construction.\u202f<\/span><\/p>\n<p><span data-contrast=\"none\">Cedro Hill was originally built and commissioned in 2010, with its generated power sold under a long-term power purchase agreement <\/span><span data-contrast=\"auto\">with CPS Energy, the largest municipal electric and gas utility in the nation, serving the city of San Antonio, Texas, and one of the nation\u2019s largest municipal buyers of wind energy. As part of the repowering, CPS Energy extended <\/span><span data-contrast=\"none\">its existing agreement to support its commitment to growing its renewable energy portfolio. CPS Energy continues to benefit from 100% of the power generated by the Cedro Hill wind farm.<\/span><\/p>\n<p><span data-contrast=\"auto\">To finance the repowering, Clearway raised $261 million in construction, term loan, and letter of credit facilities from a bank consortium including DNB Markets, Inc. (\u201cDNB\u201d), Canadian Imperial Bank of Commerce, New York Branch (\u201cCIBC\u201d), National Australia Bank Limited (\u201cNAB\u201d) and Deutsche Zentral-Genossenschaftsbank, New York branch (\u201cDZ\u201d).<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cMasTec Renewables is looking forward to another successful project with Clearway Energy Group,\u201d said Brendon Lamppa, Director of Construction, MasTec Renewable. \u201cThis will be the third overall, but the first repower project that the teams will have worked together on. This is a unique opportunity given the fact that MasTec Renewables\u2019 legacy personnel performed the original build in 2010. The repower aspect also brings a recycling component into the equation. All 100 existing hubs and 300 existing blades will be removed, cut on-site, and shipped to a recycling facility to be processed for beneficial reuse.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cedro Hill wind upgrade increases energy production within the site&#8217;s original footprint. Blades &amp; other equipment will be recycled as part of Clearway&#8217;s zero-waste repowering strategy. SAN FRANCISCO \u2014 Clearway [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":4633,"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clearway Closes Financing and Begins Repower of South Texas Wind Farm - Clearway Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearwayenergygroup.com\/press-releases\/clearway-closes-financing-and-begins-repower-of-south-texas-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clearway Closes Financing and Begins Repower of South Texas Wind Farm - Clearway Energy\" \/>\n<meta property=\"og:description\" content=\"Cedro Hill wind upgrade increases energy production within the site&#8217;s original footprint. Blades &amp; other equipment will be recycled as part of Clearway&#8217;s zero-waste repowering strategy. 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